PRODUCTS

BASE® helps a variety of business types across the country save thousands on health care expenses with easy-to-use benefit options, and provides compliance services to help business owners eliminate risks.

Gain Peace of Mind with the Savings & Compliance Solutions Provided by BASE®!

BASEÂ® for Group Employers...

Whether employers are looking to enrich their current benefit plans, off set benefit cutbacks, or implement cost saving measures, BASEÂ® works diligently to ensure that each plan meets the specific needs of each client.

BASEÂ® for Human Resources

Everyone deserves affordable legal and identity theft protection. Including you. No matter how traumatic or trivial your situation, LegalShield is here to help. Unexpected legal and identity theft issues arise every day. With LegalShield on your side, you have the power to access legal and identity theft advice and services when you need them, all for one low monthly fee.

PARTNERS

This is a partnering opportunity that will help you stay competitive in whatever marketplace you serve, not to mention the opportunities available to boost your business and increase your bottom line. Our commitment to you and your clients is what sets us apart from other administrators of similar products.

BASEÂ® for Group Employers

Whether employers are looking to enrich their current benefit plans, off set benefit cutbacks, or implement cost saving measures, BASEÂ® works diligently to ensure that each plan meets the specific needs of each client.

BASEÂ® Excepted Benefits

The BASEÂ® Excepted Benefits plans provide employers with two different benefit options to assist employees with the payment of supplemental benefit plans. Employers simply choose from an employer paid Excepted Benefits Health Reimbursement Arrangement (HRA) or an employee paid Excepted Benefits 125 option that is run through a Section 125 Cafeteria Plan.

BASE® Blog

Learn More What Qualifies as a Medical Expense with a Flexible Spending Account

How much money will be lost to Flexible Spending Accounts in 2017? By now everyone knows that Flexible Spending Accounts can be a great idea – until that money has to be forfeited because it wasn’t spent. Did you know that nearly 29 million U.S. workers have one, and many are unaware that money left unspent in it can be forfeited? (9 Ways to Make the Most of Your Flex Spending Account).

A BASE® Flexible Spending Account gives employees an option to set aside a specified amount of pre-tax dollars from each paycheck to pay for out-of-pocket medical expenses throughout the year. FSA dollars can be used to cover a broad range of costs. In addition to the deductible and prescribed over-the-counter health items, generally it can be used for copays, coinsurance, and prescription drugs and supplies. (It’s Use It or Lose It Time for Many with Flexible Spending Accounts). For a complete list of qualifying medical expenses under the IRS Publication 502, CLICK HERE.

Some examples of expenses you might not know that qualify are:

Eye Exams, Eye Glasses, and Contact Lenses – Eye exams are recommended annually. Along with an eye exam comes the possibility of a prescription for glasses or contact lenses. Anyone who wears glasses or contact lenses knows that they don’t come cheap.

Prescribed First Aid Supplies and Sunscreen – It is hard enough to keep enough Band-Aids in the house, along with other first aid kit items throughout the year. Plus, summer will be here soon, and last year’s sunscreen tubes should be thrown out. Stock up and use the health care FSA to do it. Families know that these are necessities. In order to be considered a qualifying medical expense, first aid supplies and sunscreen need to be prescribed by a doctor.

Hearing Aids – When it comes to hearing aids, the cost of the hearing aids and its batteries, as well as repair and maintenance expenses qualify.

Dental Treatment – Don’t put off that dental exam, filling, or root canal any longer. Having an FSA is now a good reason to go.

Chiropractor – Whenever a trip to the chiropractor is needed from those long days at the office or cleaning the yard on the weekend, those appointments are eligible under the FSA.

Not sure where to start on how much is needed to put into a Flexible Spending Account each month? One way to avoid the “use it or lose it” rule is to learn what qualifies as a medical expense and how much is needed to cover these costs for the year. Check out the BASE® 125 Cafeteria Plan Tax Savings Calculator, HERE. It is a great indicator for the potential savings that can be realized.

For example, if an employee, with an employer-sponsored FSA, knows they have a $1,000 deductible for the year, and spends roughly $500 on copays, first aid supplies, and other qualifying medical expenses, they would want to align those expenses with their Flexible Spending Account. Any given year can bring about the possibility of unexpected health issues, an extra dental, chiropractor, or eye doctor visit, or illness, so planning ahead is necessary. With proper planning, an FSA is a great tool in helping manage health care expenses for the year. Whether or not the FSA can roll over into the next year, or is forfeited at the end of the year, talk with BASE® and get a plan for the year ahead.

To learn more about what is considered a “qualifying medical expense” or Flexible Spending Accounts (FSA), contact BASE® at 1-888-386-9680.

With the cost of health care on the rise every year, it is not surprising that consumers are concerned about their health care needs, on top of the cost of maintaining a healthy lifestyle and their future. All too often the healthy choice is almost always the more expensive option. How many times have you thought about substituting a healthy side salad for fries, but don't necessarily want to pay the extra $2 to do so?

For many, health care just doesn't fit into the budget. When the burden of health care costs become too much for an employee to handle, they either start to look elsewhere for work, or the necessities become stretched and other things such as retirement and college take to the back burner. (Health and Financial Well-being: How Strong is the Link?).

So what can a business owner do to combat the rise of health care AND save the business money WHILE retaining their great staff AND offering the best benefit package?

The BASE® Health Reimbursement Arrangement (HRA) plans are designed for all types of businesses to assist with health care expenses, and provide a business with tax savings. Every plan allows the business owner the opportunity to deduct up-to 100% of health care costs as business deductions. The HRA is an IRS-approved, employer-funded, tax-advantaged employer health benefit plan that will reimburse employees for their out-of-pocket medical expenses and help contain the cost of health insurance premiums.

According to the Centers for Medicare and Medicaid, overall health care spending increased 4.3% with consumers spending $10,348 per person in 2016. (Health care spending passes $10,000 per person in 2016).

With a BASE® HRA in place, employees can continue to work, save for retirement, and save for their children's college education, while using their money, set-aside from their employer-sponsored HRA, to pay for their health care costs. This money can be used for doctor fees, chiropractic visits, vision fees, prescriptions, dental fees, hospitalization, and much more! Health care (and how to pay for it) is easier now more than ever. Consumers can enjoy peace-of-mind knowing they can continue to afford their healthy lifestyle, the surprises of the future, AND their health care needs.

At the end of the day, 80% of consumers say they wish "doing healthier things didn't cost so much." (Health and Financial Well-being: How Strong is the Link?). But with an HRA in place, this "wish," is granted. Health Reimbursement Arrangements significantly benefit the employer and employee. It helps to reduce the financial impact of health care expenses, create a tax benefit for the employer so all reimbursements are 100% deductible as a business expense, and helps the employee with cost savings with additional money to help with the rising cost of health care.

To learn more about creative benefit strategies to contain the cost of health care, contact BASE® at 1-888-386-9680.

BASE® Archive

About BASE®

The BASE® commitment begins by offering small business owners plans that are customized to meet their specific needs. We offer a variety of plans including the Section 105 HRA, Integrated HRA, QSE HRA, 125 Cafeteria Plan, and ERISA Wrap. Whether you are looking to enrich current benefit plans, offset benefit cutbacks, or implement cost saving measures, our highly trained sales staff will work diligently with you to ensure that each plan is customized to meet your specific needs.
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